Research On The Impact Of Major Asset Restructuring On Performance Of Z Company

With the development of China’s capital market,many companies that encounter difficulties in operation improve their business ability through asset restructuring.Setting the right direction of major asset restructuring can improve the company’s short-term and long-term performance,while blindly following the trend will only make the company suffer more losses.In recent years,the continuous downturn in the international shipping market has made China’s shipping enterprises face development difficulties.As a state-owned holding enterprise in China’s shipping industry,Z company,due to the adverse impact of the downturn in the shipping industry,is suffering from weak operation,increasing financial pressure and weakening the company’s profitability.In order to get rid of operating difficulties and turn losses into profits,company Z introduced high-quality private capital under the promotion of the mixed ownership reform policy.With the help of new shareholders,the company carried out major asset restructuring in 2016,sold the shipping business through asset divestiture,and retained the medical and health industry with good development prospects.This paper first introduces the research background and significance of the case,the research status and comments at home and abroad,then expounds the asset restructuring,corporate performance and evaluation methods,then explains the background,process and motivation of the major asset restructuring of Z company one by one,and then uses the event research method and principal component analysis method to analyze the short-term market performance and long-term financial performance of the restructuring event Business performance and industry horizontal comparison to analyze and evaluate,and finally combined with the performance evaluation results of Z company to put forward relevant suggestions for the enterprise,and draw the conclusion of the reorganization.In the short term,the major asset restructuring events of Z Company have brought excess returns to small andmedium-sized investors.In terms of long-term benefits,the medical industry is an emerging industry with large development space in the future.However,the company’s medical business is still in its infancy,the return cycle of high-end medical investment is long,and the benefits slightly lag behind.Through the study of the impact of Z company’s major asset restructuring on the company’s performance,this paper provides reference suggestions for the problems in the process of business operation,as well as for the development of other enterprises in the same industry.